National Pension System

It was launched in 2004 for government employees and was in 2009 extended to all. It basically ensures or provides old age security to interested citizens. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return.

  • The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA).

Achievements

  • The Pension Fund Regulatory and Development Authority announced that the Assets Under Management (AUM) under the NPS and Atal Pension Yojana have risen to Rs. 6 lakh crore as of 21st May 2021. The Asset growth of last Rs. 1 trillion has been achieved in just 7 months.
  • NPS subscriber base includes 74.10 lakh government employees and 28.37 lakh individuals joining from the non-government sector.

Related Content